Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[ChartBuddy]

Explanation

[machasm]

Feels like we’re back in consolidation mode after clearing some leverage out of the system. Im hoping for some sideways trading throughout the weekend and the start of another leg up next week. The big concern at the moment is the action on Tether and what that could mean. USDT was blamed for the rejection of the spot ETF and has had trading halted on Coinbase. Could have a market effect.

The old Tether chestnut. I feel for them, always having to drag up that topic to manipulate the price. Thing is they can't really do anything about it, because if they do they will no longer have it as an attack vector. They lost China bans Bitcoin, I'm sure they do not want to lose Tether. If they lose that all they'll have left is Bitcoin is destroying the planet.

I am sure that the powers that be will dream up some other attack vector on Bitcoin should they lose the Tether FUD angle.
After all, it is human nature to be fearful and takes years of experience before being able to see it for what it is, an emotion. An emotion that with a little time and experience one realizes does not have a hold on you unless you let it have one.

So as long as young noobs keep joining the Bitcoin movement then there will always be an attack vector. Only when Bitcoin has become so widely adopted to be at around 90% saturation, will those attack vectors no longer be relevant.

In the meantime, those of us who have been in the game long enough to know that Bitcoin is the ultimate NGU coin can use the opportunity to continue to scoop up cheaps coins everytime the noobs give in to their fear.

I am supremely confident that this train cant be stopped now.

[Farmer Bill]

What is it with Fridays and dips?
It used to be the last Friday of the month, now it's every bleedin Friday.

That upgrade to fikka in a hipster joint has got to you.
No more cheap delicacies for you at the discount store.

What is going on in Sweden with the director of finance supervisory authority and the lapdog in environment protection agency trying to get the EU to ban bitcoin. Because energy use might see Sweden fail to meet its climate nonsense target.

Seems more to be that Swedes are keeping cash in their microwaves rather than in the bank at negative interest rates that is worrying the financial guy Erik Thedéen.

So in future we might be saying Sweden bans Bitcoin again! All panic.

The protectors of the fiat system has published an opinion piece where they urge the government to ban or regulate mining in Sweden and, if possible, also in the EU.
Pointing to the shortage of energy and the environmental factor as a cause for their concern.
Most likely nothing will come of this, there is an election coming up and I believe this to be a kind of "finger in the wind" to see if it's something they (the social democrats and the greens) can use to get votes in the upcoming election.
They didn't mention anything about the gigantic server halls that facebook et al. have in the north though. I suppose they run on unicorn farts and are really really necessary for humanity.

Keep in mind, it's not a proposed bill, it's just an opinion piece by two director generals published in one of the major (left leaning) news papers (Dagens Nyheter).

Thanks Arrie for your input on this, from a Swedish point of view.
The fact your country has an election coming up next year puts this news in perspective.
Meanwhile you can look forward to that bit of luxury coming up so you can have your fikka in classy cafes.
Although like you I'm a sucker for a cheap hotdog and coffee for a snack when I'm out shopping for supplies.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[aysg76]

This dips same is happening that weak hands are selling to strong hands and then they have diamond hands but the panic sellers and shitcoin holders don't think about it at all and later on regret seeing btc prices pumping hard.We have reached above $60k and every target is a achievable.It has gained 68,200% from the start in just 13 years and do you think it will be hard to reach $100k? We don't know when it will hit it but we gained $10k in just few days so if you know btc don't doubt Plan B analysis:



Chart buddy is healing and take a nap to relax and now see how much ignition this bull run would provide him so he publish green candles and make us happy and shitcoin holders feel the pain.
 

[ChartBuddy]

Explanation

[cygan]

tick - tick - tick - tick ... boom

[OutOfMemory]

Note to self: Buy wonderbra for wife and stitch bitcoin symbols on the nipple-spots.

What is it with Fridays and dips?
It used to be the last Friday of the month, now it's every bleedin Friday.

If you survived 2013 with most of your stash (did you?), you will have the patience to sit this out. Turbulences ahead doesn't make a pilot return to the airport.
In 90's hipster slang: Go with the flow 

Yes I survived 2013 with all my stash, that's actually when I got almost all of my stash.
But that doesn't make this bobbing up and down i the 60xxx range any less annoying.
I would be much happier if we bobbed around in the 80xxx range.

Congrats
Don't worry, i think we will bobble around somewhere between the even 10k levels regularly.
Next week probably $7x.xxx bobbling, followed by $8x.xxx
I got used to check the price often, but i am not bothered by movements (or non-movements) much before mid of December.

This time it's different (as with every cycle).
Also, if China resumes their vacation from the markets, things should go up very quickly.

[ChartBuddy]

Explanation

[xhomerx10]

 

[LFC_Bitcoin]

@cryptocompass7
#Bitcoin  Barometer 13 Nov:
- Undervalued per S2F
- Funding rates neutral (0.01%)
- Supply crisis ensues
- Neutral social volume and sentiment
- MVRV in historical safe zone
- Peak accumulation behavior observed

#BTC  looks primed for its next rally.

RT if you agree! #gm
https://twitter.com/cryptocompass7/status/1459350821896736768?s=21

buy 3 sided die

[cAPSLOCK]

Voted "No" in the poll. Won't hit $98k before end of Nov. Would be happy to be wrong.

Thinking I'm about done expanding out my Lightning node. Just shy of 100 channels, and think I have things balanced pretty well for the time being.

Now to babysit this bitch.

https://amboss.space/node/03746b93e0b94463624bb28eafa38f3d71b4c80df61a0f10c6340b54f56675487c
https://1ml.com/node/03746b93e0b94463624bb28eafa38f3d71b4c80df61a0f10c6340b54f56675487c

Rick has begin to start learning about the Lightning network, and pretty sure he's settling on Python for his work. Apparently most AI development is done using Python libraries or some shit? I dunno. I'm just the retard caveman with these stupid money-printing rocks.

For some reason I set up another fucking node.  But this is IT I swear...  But I just gotta put some more corn on it and open up a pile of channels this weekend.  LOL.

It's c-lightning based.  So if you want to try a dual funded channel let me know?  One cool thing will be we can use the three nodes (yours, and my two) to ease balancing.

I will go as big as you want.  We could effectively move one of the the channels on the other node over.  I actually plan to find as many non shared channels to connected nodes as possible so this one ends up being a benefit to the other.

https://amboss.space/node/03562bdcf00fe0cf44e8a491a8c9b26f31c4e45c9a88cdfd6a2f0f2550a304c73e

(Also... I am thinking about reducing my involvement with this fucking forum... I will be on the Twitter hellscape, and might start a medium channel or something to do my "long posts" on)

[bitcoinPsycho]

Price going down yo!

Price going up yo!

[JimboToronto]

Good morning Bitcoinland.

Still in the mid-$6xxxx range... currently $64745USD/$81263CAD (Bitcoinaverage)

Nice little rise though.

Go Bitcoin go.

Price going down yo!

Price going up yo!

[vroom]

pre taproot activation pump? 99 balloons blocks left

[Arriemoller]

Price going up yo!

[xhomerx10]

Yo-yo!

[Arriemoller]

Yo-yo!

I bet that's what's gonna happen to the price this time as well.

[ErisDiscordia]

'OK Boomer' I hate that term more so since that fucking communist Ocasio-Cortez used it.

When I hear it used, it conjures up an age old story:

A farmer goes out one day and buys a brand new stud rooster for his chicken coop. The new rooster struts over to the old rooster and says, "Okay old fart, time for you to retire."

The old rooster replies, "Come on, surely you cannot handle all of these chickens. Look what it has done to me. Can't you just let me have the two old hens over in the corner?"

The young rooster says, "Beat it! You are washed up and I am taking over."

The old rooster says, "I tell you what, young stud. I will race you around the farmhouse. Whoever wins gets the exclusive domain over the entire chicken coop."

The young rooster laughs, "You know you don't stand a chance old man, so just to be fair I will give you a head start."

The old rooster takes off running. About 15 seconds later the young rooster takes off running after him. They round the front porch of the farmhouse and the young rooster has closed the gap. He is already about 5 inches behind the old rooster and gaining fast.The farmer, meanwhile, is sitting in his usual spot on the front porch when he sees the roosters running by. He grabs up his shotgun and boom, he blows the young rooster to bits. The farmer sadly shakes his head and says, "Dangit, third gay rooster I bought this month."

Moral of the story...

Don't mess with us old folks. Age and treachery will always overcome youth and skill!

Triggered boomer threatening to shoot the gays in order to prove himself still relevant.  This is why an increasing number of people can't even be bothered to engage with the self-righteous, entitled brain farts of a lead-poisoned generation. Hence: OK, boomer.

But don't take it from millennial whippersnappers. Silent generation agrees with us